The domestic demand for EV chargers is likely to grow at a CAGR of 65 per cent to reach the 3 million unit mark by 2030, according to a report. More than 17,000 units of electric vehicle (EV) chargers were sold in 2021, the joint report of Customized Energy Solutions(CES) and India Energy Storage Alliance (IESA) said.
The Indian EV charger market is poised to expand at an impressive CAGR of 65 per cent between 2022 and 2030 to achieve annual sales of 3 million units to meet the requirement of chargers to meet the national EV scenario (NEV) by 2030, the report titled ‘India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview’ said.
